Raymor raises project funding
Proceeds from a $250,000 private placement will be used for exploration and definition drilling of a La Motte Twp. lithium property northwest of Val d’Or, Que. Raymor Resources (ASE) says previous wor…
News
Armistice, Dynatec settle
Toronto-based Armistice Resources (ME) and its principal creditor have announced a settlement to their legal differences. Dynatec Mining, which was owed more than $2.1 million, will receive $450,000, …
Asia Minerals to evaluate polymetallic project in China
An agreement with Chinese officials allows Asia Minerals (ASE) to evaluate yet another polymetallic mineral project in the Asian country. During the past few years, the junior has evaluated several mi…
Mexican mining industry to benefit from NAFTA
The creation of freer trade among Mexico, the U.S. and Canada will require that mining companies in the Latin American country become more efficient and productive, according to a study. In an analysi…
Ag Armeno plans drill programs in Ecuador
Active in Ecuador since 1985, Ag Armeno Mines & Minerals (VSE) is looking to explore several properties this year. A 10,000-ft. drilling program will get under way soon at the Fierro Urco property, un…
Mexican gold project — Manhattan’s Moris ready for
Encouraged by the findings of an independent feasibility report, Manhattan Minerals (VSE) has set about arranging financing to bring a Mexican gold project into production. The Moris project, in the n…
Inter-Rock strikes gold at Daisy
Eight reverse circulation holes of a 21-hole program on the Secret Pass deposit, part of the Daisy Gold project in southern Nevada, have been completed by Inter-Rock Gold (TSE). Of the eight holes dri…
PRODUCER PRICES (January 31, 1994)
ALUMINUM: MW U.S. market US55.25-56.25 cents per lb. (Jan. 13, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Ram hoping to advance Ontario wollastonite deposit
Having processed a bulk sample from its wollastonite property, 55 km north of Kingston, Ont., Ram Petroleum (TSE) is looking to advance the project to production. Last fall, a 150-ton bulk sample was …
NEWS ROUNDUP — Test mining done on Rio Yaqui
Toronto-based Exall Resources (TSE) has completed test mining on three areas of the Rio Yaqui placer gold project in Hermosillo, Mexico. Results from one of the areas were positive and the company thi…
NEWS ROUNDUP — Placer drops Stockade property
A unit of Placer Dome (TSE) has terminated a joint venture with Carlin Gold (ASE) on the junior’s Stockade Mountain gold property in eastern Oregon. Carlin President William Long said that, despite si…
Drilling continues at 1100 lens
Project partners Audrey Resources (TSE) and Metall Mining (TSE) have released the latest drilling results from the 1100 lens underground project in northwestern Quebec. Assays from seven holes totalin…